United Kingdom

UK - Investment managers are being urged to align their bond management products more closely with pension fund liabilities.

UK - The average private pension is expected to fall from 32% of average earnings to 25% by 2050, research by PricewaterhouseCoopers claims.

UK - The Pensions Management Institute has opened its doors to a new category of member in a bid to widen its appeal to workers in the pensions industry.

UK - The average pension fund trustee is complying with around 65% of recommendations in the Myners Report, a survey by HSBC Actuaries and Consultants shows.

UK - A fierce row broke out in parliament over the Lord Chancellor's £2m pension.

UK - Momentum Financial Services promoted John Robbie to the role of national accounts director.

UK - Equitable Life's battle to claim £2.6bn in damages from its accountant, Ernst & Young, has suffered a massive setback in the High Court.

UK - Pension benefits for thousands of women on term-time contracts in schools could be boosted if four test cases are successful.

UK - Pensions Investment Research Consultants has launched a service to help pension funds increase their engagement with companies.

UK - US-based tractor giant Agco has blamed costs of running its UK final salary pension scheme for contributing to a fourth quarter loss of £50m.